Equipment Financing

Purchase equipment with a flexible business line of credit.

What's your desired credit limit?

What repayment term works for you?
How often do you want to make payments?

Weekly Payment Amount*:

$424.00 Apply Now

We’re currently accepting new customer applications. Applying will not impact your credit score.

Applying will not impact your credit score.1

*This business loan calculator assumes a monthly interest rate of 3.3% and a 2% draw fee. Your interest rate and credit limit may vary based on your application. No draw fee in CO, GA, IN, NJ and OK.

Equipment Loans for Small Businesses

Equipment financing is a type of small business loan that allows businesses to borrow money for equipment while using the equipment itself as collateral to secure the loan. It’s similar to how a car buyer can use the vehicle’s title as a guarantee that a car loan will be paid. The amount and terms of such an equipment loan depend largely on the value of the purchase and its expected lifespan. Payments are usually made monthly and a down payment is required, with 20 percent being a standard amount.

What Can Equipment Financing Be Used For?

Equipment financing can be used to purchase any number of goods. Common examples might include:

  • IT equipment
  • Commercial-use vehicles
  • Machinery
  • Furniture
  • Equipment inventory

Leasing Equipment vs. Buying Equipment

While equipment financing has its advantages, an alternative to this is leasing the equipment. See how they compare.

Leasing Equipment
Buying Equipment
Down Payment

Down Payment

If there is any, it will be for a smaller amount than a commercial loan

Down Payment

Requires a down payment of typically 20%
Equipment Ownership

Equipment Ownership

Many leasing opportunities allow the option to return the equipment or purchase it after the end of the lease

Equipment Ownership

You own the equipment, therefore you can sell or keep it as needed

Purchase Equipment With a Line of Credit

Headway Capital offers a flexible business lines of credit for any legitimate business needs — including buying equipment. Once approved, you can borrow as much as you need (up to your credit limit), as many times as you need to, without having to reapply. The repayment schedule is set by you when you draw on these funds, and you’ll only pay interest on what you borrow each time.

Credit Line

Up to

Loan Type

Business line of credit

Repayment Term

12, 18 or 24 months

No Hidden Fees

See our Rates & Terms for details

Payment Frequency

Weekly or monthly

Clear Cost

Clear payment terms, interest does not compound, no penalty for early payoff

Apply in minutes to see if you qualify, and put our funding to use on the equipment you need!

Apply Now

1We always do a soft inquiry unless your credit file is restricted, in which case we would ask you to contact the credit bureau to lift the restriction. Doing so may result in a hard pull.